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Things you should know about For Business

As a small-business owner, you’re responsible for two families: the one you have at home, and the one you have through work. No matter what your business, a well-conceived insurance and benefits program is essential. If you die or become disabled, insurance can help protect your family and your business.

To get a sense of how well you’ve planned for these responsibilities, ask yourself these questions:

What will happen to my business and family if I die or become disabled?
What will happen if certain key employees die or become permanently disabled?
How can I attract and retain the best employees?
How can I help ensure that my business will be able to weather unforeseen financial hardships?
What will happen to my business when I retire?

Explore this section to learn more about how insurance can help protect your business while giving you a competitive edge.
Business Continuation

One of the first things any business owner needs to consider is how to protect against events that may threaten the future of the business, like the death or disability of a proprietor, partner or key employee.

Individual Life Insurance
Disability Insurance
Buy-Sell Agreements
Key Person Insurance

Employee Benefits

A good benefits program is essential for attracting new employees and retaining current ones. Surveys show that three in four workers consider benefits a decisive factor in weighing new job opportunities. Benefits like health and disability insurance and retirement plans are very desirable to employees, but they can also be costly to employers. That’s why many employers share the costs with their employees. There are also voluntary benefit programs that allow employees to purchase or increase their benefits themselves, often through automatic payroll deduction. An insurance professional can help you select the right mix of benefits and guide you through the various plan options. This section highlights the main benefit plans you’ll want to consider in crafting your employee benefits program.

Health Insurance
Life Insurance
Disability Insurance
Dental and Vision
Retirement Plans

Executive Benefits

Executive benefits help you offer your best employees a higher level of benefits and compensation, along with significant tax advantages. They also compensate for the fact that most 401(k) programs restrict the ability of executives to accumulate enough money on a tax-favored basis to fund the retirement lifestyle they desire.

Here are a few types of executive benefits that can help separate your company from the competition.

Amit Mishra

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